Should You Buy Tilray Stock Under $5?
There's a reason why shares keep tumbling, despite signs of a turnaround.
Overview
Even among marijuana stocks, Tilray Brands (NASDAQ: TLRY) has performed poorly year to date. Since January, the stock has fallen by nearly 56%. Over the past five years, on a split-adjusted basis, Tilray shares have fallen by over 96.7%.
This comes even as Tilray, now diversified beyond the recreational cannabis market, keeps reporting incremental improvements in operating performance. However, two issues driving Tilray's downward spiral remain unresolved.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.